Nasdaq: PEBO Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation Investor Presentation rd Quarter 2015 3 rd rd rd rd rd rd rd 3 3 3 3 3 3 3 Quarter 2015 Quarter 2015 Quarter 2015 Quarter 2015 Quarter 2015 Quarter 2015 Quarter 2015
Safe Harbor Statement Safe Harbor Statement Safe Harbor Statement Safe Harbor Statement Safe Harbor Statement Safe Harbor Statement Safe Harbor Statement Safe Harbor Statement Statements in this presentation which are not historical are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include discussions of the strategic plans and objectives or anticipated future performance and events of Peoples Bancorp Inc. (“Peoples”). The information contained in this presentation should be read in conjunction with Peoples’ Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (the “2014 Form 10-K”) and Quarterly Report on Form 10-Q for the quarter ended September 30, 2015, filed with the Securities and Exchange Commission (“SEC”) and available on the SEC’s website (www.sec.gov) or at Peoples’ website Commission (“SEC”) and available on the SEC’s website (www.sec.gov) or at Peoples’ website (www.peoplesbancorp.com). Investors are cautioned that forward-looking statements, which are not historical fact, involve risks and uncertainties, including those detailed in Peoples’ 2014 Form 10-K under the section, “Risk Factors” in Part I, Item 1A and in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2015. As such, actual results could differ materially from those contemplated by forward-looking statements made in this presentation. Management believes that the expectations in these forward-looking statements are based upon reasonable assumptions within the bounds of management's knowledge of Peoples’ business and operations. Peoples disclaims any responsibility to update these forward-looking statements to reflect events or circumstances after the date of this presentation. 2
Corporate Profile Corporate Profile Corporate Profile Corporate Profile Corporate Profile Corporate Profile Corporate Profile Corporate Profile • Financial holding company headquartered in Marietta, Ohio. Financial holding company headquartered in Marietta, Ohio. Financial holding company headquartered in Marietta, Ohio. Financial holding company headquartered in Marietta, Ohio. Financial holding company headquartered in Marietta, Ohio. Financial holding company headquartered in Marietta, Ohio. Financial holding company headquartered in Marietta, Ohio. Financial holding company headquartered in Marietta, Ohio. – Provide a broad range of banking, insurance, and investment services • Current snapshot: Current snapshot: Current snapshot: Current snapshot: Current snapshot: Current snapshot: Current snapshot: Current snapshot: – Assets: $3.2 billion — Loans: $2.0 billion – Deposits: $2.5 billion – Market capitalization: $398 million – Assets under Management: $1.8 billion • Current footprint Current footprint Current footprint Current footprint Current footprint Current footprint Current footprint Current footprint – Located along major transportation routes – Demographics: • Total population: Approx. 5.0 million Total population: Approx. 5.0 million • Median income: $39,189 – Key industries: • Health care • Manufacturing (plastics/petrochemicals) • Oil/gas/coal activities (shale opportunities) • Education and social services • Tourism – Unemployment rates: • OH : 4.3% • WV: 6.3% • KY: 4.6% Market data as of October 23, 2015 • US: 4.9% Unemployment data as of September 2015 Financial data as of September 30, 2015 3
Investment Rationale Investment Rationale Investment Rationale Investment Rationale Investment Rationale Investment Rationale Investment Rationale Investment Rationale • Unique community banking model Unique community banking model Unique community banking model Unique community banking model Unique community banking model Unique community banking model Unique community banking model Unique community banking model – Greater revenue diversity for a community bank our size (30% to 35% fee-based) – Strong community reputation and active involvement – Local market teams capable of outmaneuvering larger banks – More sophistication and product breadth than smaller banks • Strong, growing fee Strong, growing fee Strong, growing fee Strong, growing fee Strong, growing fee Strong, growing fee Strong, growing fee- Strong, growing fee - -based businesses - - - - - based businesses based businesses based businesses based businesses based businesses based businesses based businesses – Sizable market share in several areas – Prior insurance acquisitions producing steady returns – Prior insurance acquisitions producing steady returns – Potential wealth management opportunities • Capacity to grow our franchise Capacity to grow our franchise Capacity to grow our franchise Capacity to grow our franchise Capacity to grow our franchise Capacity to grow our franchise Capacity to grow our franchise Capacity to grow our franchise – Strong fundamentals (capital, liquidity, competency) to support active M&A strategy – Scalable IT capabilities – Passionate and talented associates • Committed to disciplined execution Committed to disciplined execution Committed to disciplined execution Committed to disciplined execution Committed to disciplined execution Committed to disciplined execution Committed to disciplined execution Committed to disciplined execution – Strong, integrated enterprise risk management process – Focused on business line performance and contribution 4
2015 2015 2015 2015 2015 2015 2015- 2015 -2016 Outlook - - - - - - 2016 Outlook 2016 Outlook 2016 Outlook 2016 Outlook 2016 Outlook 2016 Outlook 2016 Outlook • Maintain efficiency ratio of 65% Maintain efficiency ratio of 65% Maintain efficiency ratio of 65% Maintain efficiency ratio of 65% Maintain efficiency ratio of 65% Maintain efficiency ratio of 65% Maintain efficiency ratio of 65% Maintain efficiency ratio of 65% – Core expenses beat quarterly run rate target of $26.5 million in Q3 providing an adjusted ratio of 65.3% – Targeting 65% efficiency ratio in Q4 and for 2016, driven primarily by continued expense management • Continue driving organic loan growth Continue driving organic loan growth Continue driving organic loan growth Continue driving organic loan growth Continue driving organic loan growth Continue driving organic loan growth Continue driving organic loan growth Continue driving organic loan growth – A strong commercial pipeline, and strong overall loan production should enable us to reach the lower end of 2015 loan growth goals of 7% - 9% to reach the lower end of 2015 loan growth goals of 7% - 9% – Targeted 2016 growth of 6% - 8% will be a key driver of revenues in 2016 • Sustain net interest margin at current level Sustain net interest margin at current level Sustain net interest margin at current level Sustain net interest margin at current level Sustain net interest margin at current level Sustain net interest margin at current level Sustain net interest margin at current level Sustain net interest margin at current level – Q4 margin expected to stabilize around 3.50% – Expecting margin between 3.45 and 3.50% in 2016 as accretion from acquisitions begins to taper 5
Recommend
More recommend
